Don't Forget Closing Costs

All residential real estate sales involves certain costs. Buyers and sellers customarily split these costs, as specified in the sales contract.

Many of the closing costs associated with buying a home are associated with getting the loan. Since Bob Rutledge Mortgage is highly experienced with mortgages & closings, we can help you understand your closing costs.

Loan Estimates (LEs)

Very shortly after you apply for a loan, we will give you a "Loan Estimate" of your costs. The closing costs specified in the LE are estimated based on Bob Rutledge Mortgage's experience with mortgage loans, but costs usually vary a little bit between delivery of the LE and closing. We field questions about these costs every day at Bob Rutledge Mortgage, so don't hesitate to ask if we can help answer your questions.

We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, soon after you have completed your application. At Bob Rutledge Mortgage, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Up-front Interest Payment
  • Escrow Fees
  • Taxes
  • Costs related to "originating" your loan
  • Points — lower your interest rate (optional)
  • Appraisal Fee
  • Pulling YourCredit Report
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
Homeowners Insurance
  • Flood / Earthquake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Bob Rutledge Mortgage can help you understand closing costs. Call us: 3149139678.

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Bob Rutledge Mortgage

Loan Officer NMLS#: 297044

New American Funding 12321 Olive Blvd, ste 150
St. Louis, MO 63141